By Christian Zibreg on Jun 5, 2015
Apple is reportedly still negotiating terms with record labels for its rumored music-streaming service, just days before its annual Worldwide Developers Conference kicks off with a keynote next Monday, Bloomberg said today.
People familiar with the negotiations told the news organization that the labels are pushing to get a larger chunk of revenue than they receive under their current deals with Spotify. Read More
By Christian Zibreg on May 14, 2015
In another showing of its commitment to protecting the privacy of its users, Apple has intervened in the sale of Radio Shack, which recently filed for bankruptcy, arguing that any information collected during the sale of its own products at RadioShack locations should be left out of the deal.
As noted by Law360 earlier this week, Apple, AT&T and others have objected to the potential sale of their customers’ data. The iPhone maker reportedly said that the fallen electronics retailer “doesn’t have the right to sell Apple customer information.” Read More
By Cody Lee on May 5, 2015
Angela Ahrendts, Apple’s recently-hired senior vice president of retail and online stores, was the highest-paid female executive in the United States last year. According to data compiled by Bloomberg, Ahrendts was awarded $82.6 million in 2014, including a sign-on bonus and a make-whole grant for money she left on the table at Burberry.
Coming in second on the list was Oracle’s Safra Catz, who raked in $71.2 million in fiscal 2014 for her role as chief financial officer and co-CEO. Rounding out the top 3 highest paid female executives was Yahoo!’s Marissa Mayer who, at 39-years-old, was the highest-paid female chief executive last year, with a salary of $59.1 million. Read More
By Christian Zibreg on Apr 15, 2015
Samsung’s has devoted a team comprised of two-hundred skilled engineers to build mobile displays exclusively for Apple. The move indicates that the two technology giants are strengthening business ties, patent disputes notwithstanding, Bloomberg reported Wednesday.
The team formed April 1 and also helps with sales, people with direct knowledge of the matter said. In addition to the improved business relationship, analysts think the exclusivity of the business arrangement might indicate that Samsung Display could win more screen orders from Apple in the near future. Read More
By Christian Zibreg on Mar 26, 2015
Bloomberg is shedding more light on Apple’s recent acquisition of database firm FoundationDB, with a report Thursday revealing that the iPhone maker had secretly snapped up U.K.-based data analytics company Acunu, presumably to help bolster its iCloud and web services.
The transaction for an undisclosed sum occurred in late 2013. Together, the Acunu and FoundationDB acquisitions inject some fresh blood into Apple to help bulk up the company’s data and cloud-computing capabilities. Read More
By Christian Zibreg on Feb 18, 2015
Five executives from Apple met last Wednesday with Mexico’s Federal Telecommunications Institute President Gabriel Contreras and other commissioners to “discuss advances in health-care devices”, according to an agenda published on the regulator’s website relayed yesterday by Bloomberg.
Not only does the meeting signal plans to make the Watch available internationally, but also highlights efforts to ensure the Watch’s ability to collect health data complies with local regulations. Read More
By Christian Zibreg on Feb 11, 2015
Bloomberg is reporting Wednesday that Samsung’s upcoming Galaxy S6 flagship smartphone, developed under the “Project Zero” codename, will come in two flavors, including a model with a display covering three sides. The other model will have a regular screen that doesn’t stretch down either side.
Sources with direct knowledge of the matter who spoke to the news organization report that both editions of the device rock 5.1-inch screens, are encased in all-metal bodies and run “Samsung’s most advanced processor chips.”
We recently reported that Samsung in a last-minute move dropped Qualcomm’s 64-bit Snapdragon 810 silicon which overheated during testing. Read More
By Christian Zibreg on Nov 20, 2014
Foxconn, the world’s top contract manufacturer and Apple’s favorite gadget assembly shop, is planning on burning NT$80 billion, or approximately $2.6 billion, on a brand new manufacturing facility in Taiwan that will produce displays exclusively for Apple, Bloomberg reported Thursday morning.
The plant will employ more than two-thousand workers and is being built after “an urgent request for exclusive capacity” from Apple, indicating that the iPhone maker is anticipating growing demand for its devices in the coming years. Read More
By Christian Zibreg on Oct 23, 2014
Even though he stopped short of offering any specifics, Nike CEO Mark Parker in an interview Thursday with Bloomberg’s Stephanie Ruhle kinda confirmed that partnering with Apple on things “we couldn’t do independently” is ”part of our plan”.
The iPhone maker recently hired a pair of engineers from Nike’s FuelBand team.
These hirings came after the media reported that Nike was significantly downsizing its wearables team and refocusing its strategy. Two months ago, the California firm made more high-profile hires as Ben Shaffer, Nike’s design director for wearables, and the widely recognized fitness expert and key Nike FuelBand developer, Jay Blahnik, both joined the Apple team.
Now Director of Fitness, Health Technologies at Apple, Blahnik can be seen explaining the benefits of Apple Watch in Apple’s Health and Fitness promotional video. Read More
By Christian Zibreg on Oct 1, 2014
Apple’s second-generation iPad Air will be offered in Gold, in addition to Space Gray and Silver colorways, according to a Bloomberg report Wednesday corroborating earlier rumors. Adding a gold color option is one way to “goose sales,” according to people familiar with the plans.
The iPad Air 2 should be unveiled at a media event expected sometime in October. Bloomberg’s sources with knowledge of the situation have also added that a rumored ‘iPad Pro’ with a 12.9-inch display “won’t be introduced until next year”. Read More
By Cody Lee on Sep 17, 2014
“With an Apple Watch wrapped around his hand brass-knuckle style, Ive reveals that the project was conceived in his lab three years ago, shortly after Jobs’s death and before “wearables” became a buzzword in Silicon Valley.” This is just one of the many interesting anecdotes in Bloomberg’s new piece on Apple.
Bloomberg Businessweek’s Brad Stone and Adam Satariano interviewed several Apple executives, including Tim Cook, Jony Ive and Jeff Williams, after their big event last week. The conversations cover a wide range of topics, including the new Apple Watch, iPhone 6, and how the culture is changing in Cupertino. Read More
By Christian Zibreg on May 12, 2014
A report last Thursday by The Financial Times on Apple’s alleged $3.2 billion purchase of Beats Electronics, LCC. – potentially Apple’s most pricey acquisition to date – has taken the technology industry by surprise.
And as pundits continue to assess the rationale behind Apple’s purported move, Bloomberg on Monday ran a revealing story explaining that the two firms share more commonalities than meets the eye, despite a world of difference in terms of corporate culture.
Moreover, Apple apparently intends to keep Beats hardware around while improving upon the design of the startup’s pricey headphones… Read More
By Christian Zibreg on Feb 14, 2014
As part of the 2014 Supplier Responsibility Report that was published yesterday, Apple has refreshed its Supplier Responsibility website with a newly updated list of component suppliers and major manufacturing locations where Apple’s gadgets are being assembled.
Bloomberg analyzed Apple’s public documents and discovered that Flextronics International Ltd. has now joined the company’s supply chain as assemblers of ‘Made in USA’ Macs. Although Flextronics now gets to assemble Macs in Apple’s $100 million Austin, Texas plant, Foxconn remains the largest manufacturer of Apple products, with seven assembly locations in China and Brazil… Read More
By Cody Lee on Feb 13, 2014
Earlier this week, Apple announced that it was promoting its retail HR head Denise Smith to lead its human resources department company-wide. Smith replaces Joel Podolny, who will now focus all of his energy on a top-secret executive training program known as Apple University.
Not much is known about the project, other than that Steve Jobs hired Podolny—the former dean of Yale’s School of Management—to put together a program to teach his methods to future execs. But a new Bloomberg report helps shine some light on the University, and its new leader… Read More
By Christian Zibreg on Feb 10, 2014
Apple last week began moving sophisticated equipment and furnaces into its new manufacturing facility in Mesa, Arizona. The plant, operated by a company called GT Advanced, should produce two times the current worldwide capacity of sapphire, enough for an annual production of about 100 million iPhones with a sapphire-protected cover glass.
But how exactly did State of Arizona attract Apple to build the plant in Mesa and create more than 700 high-quality jobs in the first year, and 4,000 more if successful? With the right package of incentives, perks and tax breaks, that’s how… Read More
By Christian Zibreg on Jan 24, 2014
The iPod Godfather and Nest Labs co-founder and CEO, Tony Fadell, sat down with Bloomberg at the World Economic Forum in Davos, Switzerland to talk specifics of the recently announced $3.2 billion Google deal, why he sold to the search monster, Nest’s relationship with Apple, the future of controlling household products and a few other topics of interests, here are your soundbites… Read More
By Christian Zibreg on Dec 11, 2013
After adding Yahoo Screen and PBS channels last month, Major League Soccer and Disney Junior channels in September as well as Vevo, Weather Channel, Disney, Smithsonian and a bunch of other content sources earlier this year, Apple’s again expanded on the device’s content sources.
The $99 media-streaming box is now even more useful with four additional channels from ABC, financial organization Bloomberg, Sony’s streaming movie and TV show service Crackle and Korea-based on-demand video service KOR TV, all now accessible from the Apple TV‘s Home menu… Read More
By Christian Zibreg on Nov 13, 2013
‘Gadgets that build gadgets’ should have been the headline of the Bloomberg piece which details Apple’s multi-billion dollar investments in custom-engineered manufacturing equipment, machines and robots which dutifully churn out your shiny new iPads and iPhones with their diamond-cut chamfered edges, precision crafted down to the micron.
‘The Rolex of smartphones’ is impossible to mass-produce using the existing tooling and manufacturing techniques. Because Apple custom-designs everything, it shouldn’t surprise you that it also designs its own manufacturing processes, techniques and cutting-edge production equipment.
Just how does the company utilize its billions on these pricey robots? Read More
By Christian Zibreg on Nov 10, 2013
We’ve been hearing a lot lately about jumbo-sized iPhones, but the iPhablet meme is so passé now. So how about a curved-screen iPhone? I’m not talking about a Galaxy Round type of device – according to a new Bloomberg report, a large-screen iPhone featuring a flat screen with the cover glass “that curves downward at the edges” is in the works.
This sounds a lot like the Lumia range as the high-end Nokia devices sport slightly curved screen edges. Note that this is the first time we’ve heard the curved-screen iPhone being mentioned by a major big media publication. The Bloomberg article also mentions two large-screen models planned for release in the second half of next year and a new pressure-sensitive screen technology. Jump past the fold for the full reveal… Read More
By Ed Sutherland on Oct 25, 2013
Although Apple today launched the iPhone in an additional 35 global markets (with more to come next Friday), including Russia, its flagship iPhone 5s remains too expensive for all but the most wealthiest. The iPhone 5c, costing just $99 in subsidized markets such as the U.S., can cost nearly $800 in Russia, unsubsidized.
Apple’s goal of competing globally is being hampered by pricing centered on carrier subsidies. In countries such as Russia, India and elsewhere where subsidies are not allowed, the cost of an iPhone can equal a month’s salary – or more. As a result, Samsung’s cheaper Android phones control most smartphone sales… Read More